Bitcoin hits new 10-week high as Trump demands rate cut on US jobs beat

Key points:The US labor market is “still holding up” as nonfarm payrolls data comes in higher than expected. Bitcoin and stocks head higher as US President Donald Trump repeats calls for the Fed to lower interest rates. BTC price action may spark a “liquidity grab” above $97,000, a trader warns. Bitcoin (BTC) hit new multimonth highs after the May 2 Wall Street open as US nonfarm payrolls data beat expectations source: https://cointelegraph.com/news/bitcoin-hits-10-week-high-trump-demands-rate-cut-on-us-jobs-beat?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound